Summary
WASHINGTON - Treasury Secretary Timothy Geithner defended his approach to fixing the country's economic mess, saying "the market will not solve this" while disclosing a bailout fund for battered banks has $135 billion left and might need more.
Geithner used his first Sunday talk show appearances to promote President Barack Obama's massive government spending plan to ease credit, help borrowers and inject billions of dollars into the financial sector. Long kept behind the scenes, the treasury secretary has emerged as the administration's champion of a plan that fueled an uptick in Wall Street markets.See the full content of this document
Extract
Geithner Says Market Will Not Solve Economic Woes
"We came through a period where people borrowed too much and we let our financial system take on much too much risk," Geithner said. "And the consequences of those choi...
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